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Here in our Betway eSports betting markets and odds article you can expand your knowledge about the bookmaker’s margin and its calculation. Along with that, we are giving you some details about Betway’s eSports betting options.
The company is super eSports friendly as you probably know, so don’t miss the chance to learn more about it and start winning more from your bets on electronic sports.
Betway is the sportsbook that really loves its eSports customers. The company is involved and dedicated to gaming, and sponsers one of the biggest eSports organizations – the Swedish team Ninjas in Pyjamas (NiP). Furthermore, Betway is one of the few only online betting providers which is offering an additional eSports betting promotion for the bettors.
There is a wide range of gaming disciplines covered. Counter-Strike: Global Offensive, League of Legends, DotA 2, Hearthstone, and Overwatch markets are available for betting at Betway’s eSports section.
Logically, the most commonly offered money line bets are available for picking the winner of the match. Along with that, handicap bets are also included for almost all of the eSports games. There is more! Bettors can take advantage of live-betting and if we are speaking about betting on totals, Betway is maybe the most varied eSports bookie. You can bet on almost everything that comes up in your mind.
Things are even crazier if you look at all the different betting markets available for NiP matches. For example, you can bet on the number of kills made by each NiP player or most last hits for games like DotA 2 and League of Legends. Don’t miss the chance to make watching your favorite games even more interesting by placing bets on Betway eSports!
Plenty of additional eSports betting markets are up at Betway. As well as traditional betting markets, the company has some special eSports betting options such as “Map 1 Team A to win both pistol rounds”, “Map 1 Round 1 Winner”, “Map 1 Round 4 Winner” and so on for Counter-Strike: Global Offensive.
League of Legends and DotA 2 fans can bet on things like “Map 1 First Blood” or “First team to 10 kills”. There is a lot of betting options related to the game format such as – “Team A to Win the First Map”, “Correct Score”, “Team B Number of Maps Won”, etc.
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American, Fractional, and Decimal types of odds are all offered at the sportsbook. We have compiled a brief explanation of each kind using special examples. If you want to learn more, you can also check our best odds article. Now let’s take a look at the Counter-Strike: Global Offensive match between Hellraisers and Fnatic.
It is good to know that you can easily switch between different views by clicking on the button at the top-right and selecting your preferred odds type from the drop down menu.
We will start with the Decimal odds view. As you can see, chances for Hellraisers to win the battle are valued with 2.20 while Fnatic has 1.60. So it is clear that the Swedish team is considered as a favorite, according to the Betway odds makers. If you bet $10 on Hellraisers you will be rewarded with $22, while the same bet on Fnatic will bring you $16. To calculate your profit, you just need to multiply your stake to the odds and the results will be the combination of your stake and actual profit. In that case, by placing a $10 bet on HR you will get $12 profit, while a pick on Fnatic will bring you $6.
Let’s see how the same odds look with the Fractional view. Essentially, Fractional odds are the ones where a backslash is separating two numbers. As you can see in our example, odds are respectively 6/5 for Hellraisers and 3/5 for Fnatic. All you need to know is that the number at the left side represents how much you will win if you bet, while the right number is showing you the required stake.
Last but not least are the American odds. Obviously, American odds are most popular in the United States and the difference here is that we have plus and minus signs.
A negative number indicates the amount you must bet for a $100 profit and a positive number shows you how much you might take as a profit if you bet $100.
Now that you know the different types of odds at Betway, let’s see how good they actually are.
One of the most important aspects of ranking the odds quality is the bookmaker’s margin. How do you calculate it and why is it so important?
First, we will show you the calculation for the sportsbook margin. You need the certain formula:
We will use the same example from above for the match between Hellraisers and Fnatic to make the explanation even more clear. Odds are 2.20 for HR and 1.60 for the Swedish shooters. In other words:
(1/2.20)*100 + (1/1.60)*100 = 45.45+62.50 = 107.95
In this case, the bookmaker’s margin is around 8%, which is very good percent for the area. In the following table, you can see the margin for the different eSports games:
You need to know that the higher the margin is, the lower the profit is for the bettors. Professional players are using multiple bets quite often and if the margin percent is big, it can eat the potential profit.
Betway eSports Review
An incredible €30 Free Bet is up for grabs at the Betway website. Besides the decent starting bonus, the company is giving you a different eSports promotion almost every month. For example, you can check our Betway Opt-In article. One thing is sure, Betway is one of the best eSports online betting providers, with spectacular promotions on a monthly basis.
The company is not only offering eSports betting markets and odds, but is involved in gaming with full steam. With a decent mobile application, plenty of different bonuses, promotions, and a variety of betting markets, Betway is surely one of the best, if not the best, eSports sportsbooks in the world!
Now you know why Betway is so good in providing decent odds and varied markets. Furthermore, we are recommending you to check our other sportsbook articles in order to compare the different bookmakers and their strengths. We hope you enjoyed our Betway eSports betting markets and odds article, and that the information will help you in improving your eSports betting!
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